{"code":"FIN","codeName":"Financial Code","section":"12200.5","citation":"Fin. Code, § 12200.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]","url":"https://blackletter.si/financial-code/division-3"},{"name":"CHAPTER 3. Licensing [12200. - 12225.]","url":"https://blackletter.si/financial-code/division-3/chapter-3"}],"history":"Added by Stats. 1957, Ch. 498.","effective":null,"html":"<p>The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:</p><p>(a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.</p><p>(b) A general proraters license shall be issued to all other qualified applicants.</p><p>Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided. </p>","text":"The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows: (a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent. (b) A general proraters license shall be issued to all other qualified applicants. Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensing-12200-5","source":"California Legislative Information bulk export (pubinfo)"}